The government companies were at the core of national economy. Their main aim was to ensure the socio-economic development of the nation. The globalization and the new economic reform policy brought about a range of new business opportunities and opened vast areas for various private organization to operate in these fields. As a result these public sector undertaking were considered by enlarge unviable due to poor return, low productivity, under-utilized capacity excessive controls and lower efficiency As such it became inevitable to ensure that the public sector undertakings provide a proper return on the government investment so as to minimize the gap between the return & cost of funds invested in these institutions. These guidelines aim at regulating the performance of the public sector undertakings.
The ex-gratia appointment policy has been reviewed here keeping in view the various court judgements, the Government of India policy, the hardship and harassment caused to the bereaved family due to the waiting period involved in getting such appointments. It is felt that in the changed economic scenario the number of posts falling vacant for employment would be bare minimum to accommodate all ex-gratia cases. The Government in order to mitigate their hardship has provided an alternate financial package of one time lump sum payment or restricted employment so that a time-bound decision can be taken.
The paper aims at highlighting the methodology adopted in liquidation of a cooperative institution registered under the Cooperative Societies Act, 1984. It also provides an insight into the time taken, problems faced and strong will and efforts required in executing the whole exercise and bringing it to a logical end. This article seeks to identify certain important organizational and human resources related issues which need to be addressed properly in the context of the Indian economy.
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